Bentley Systems

Bentley Systems, Inc. engages in the provision of software solutions for infrastructure engineering, enabling the work of civil, structural, geotechnical, plant engineering practitioners, project delivery enterprises, and owner-operators of infrastructure assets. It offers bridge analysis, building design, civil design, construction, mine design, modeling and visualization, plant design, site analysis, and structural analysis. The firm serves the engineers, architects, geospatial professionals, constructors, and owner-operators. The company was founded by Raymond B. Bentley, Gregory S. Bently, Keith Arthur Bentley, and Barry J. Bentley in 1984 and is headquartered in Exton, PA.

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Bentley Systems reports resilient Q4 performance amid geopolitical challenges

Bentley Systems showcased strong performance amidst geopolitical challenges, emphasizing growth opportunities in key markets like India and the US. The company's strategic focus on new business initiatives, digital twin technology, and acquisitions positions it well for future growth and innovation.

Bentley Systems excels in Q1 2023, eyes China growth and strategic acquisitions

Bentley Systems reported strong Q1 2023 results, with notable performance metrics and positive industry sentiment. The company's strategic focus on China, growth in infrastructure sectors, and emphasis on acquisitions position it well for future growth. Challenges in the commercial facilities segment and potential headwinds in China require careful monitoring, while legislative developments and de-leveraging efforts offer promising opportunities.

Bentley Systems reports solid Q2 performance amidst growth challenges

Bentley Systems delivered strong Q2 results with revenue growth driven by subscriptions and balanced business performance.
Challenges in ARR outlook due to China's impact and workforce capacity constraints are being mitigated by positive business momentum.
Opportunities lie in market expansion in India, digital investments, and strategic positioning for future growth and customer experience.
Overall, Bentley Systems' performance reflects resilience amidst challenges and a strategic focus on leveraging market strengths for growth.

Bentley Systems reports robust Q3 growth and eyes digital expansion

Bentley Systems' Q3 2023 performance reflects strong financial results, driven by recurring revenue streams and operational efficiency.
The company's focus on infrastructure intelligence, digital delivery, and AI presents promising growth opportunities in diverse sectors.
Despite challenges in certain sectors and external financing dynamics, Bentley Systems is strategically positioned for continued expansion and innovation.

Bentley Systems excels in Q4 2023, eyes AI opportunities for growth

Bentley Systems delivered a strong financial performance in Q4 2023 and full-year 2023, driven by subscription revenues and operational efficiency improvements.
While facing challenges from market-specific impacts and seasonality, Bentley's focus on asset analytics, AI opportunities, and digital twins positions the company for future growth.
Opportunities in AI priorities, infrastructure innovation, and ecosystem-friendly platforms present avenues for strategic expansion and sustained ARR growth in 2024.

Bentley Systems reports strong Q1 earnings, eyes engineering sector growth

Bentley Systems reports solid Q1 performance with revenue and income growth.
The company faces challenges in Professional Services revenue and portfolio simplification.
Opportunities lie in addressing resource capacity gaps and strategic investments.
Overall, Bentley Systems remains well-positioned for future growth and innovation.

Bentley Systems reports robust Q2 results amidst AI-driven growth

Bentley Systems delivered strong Q2 2024 results, driven by subscription revenue growth and a focus on AI-driven solutions for asset analytics.
Despite challenges from China and the Cohesive business segment, the company remains confident in its double-digit ARR growth and market positioning.
With a strong performance in North America and opportunities in expanding market segments, Bentley is poised for continued growth and innovation.

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Bentley Systems, Inc. engages in the provision of software solutions for infrastructure engineering, enabling the work of civil, structural, geotechnical, plant engineering practitioners, project delivery enterprises, and owner-operators of infrastructure assets. It offers design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. The firm serves engineers, architects, geospatial professionals, constructors, and owner-operators. The company was founded by Raymond B. Bentley, Gregory S. Bently, Keith Arthur Bentley, and Barry J. Bentley in 1984 and is headquartered in Exton, PA.

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EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the acquisition of INRO Software, a global leader in multimodal transportation planning, traffic simulation, and mobility visualization software. The acquisition expands Bentley's capabilities in the important growth area of mobility digital twins, just as countries including the U.S. are poised to make a generational investment in infrastructure, and as tra

Bentley Systems Announces Acquisition of Mobility Simulation Leader INRO

EXTON, Pa.--(BUSINESS WIRE)--GTC21 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that it is developing applications using the NVIDIA Omniverse platform for photorealistic, real-time visualization and simulation of digital twins of massive-scale industrial and civil infrastructure projects. Bentley Systems has extended the Bentley iTwin platform to integrate with NVIDIA Omniverse to provide a graphics pipeline for AI-enhanced, rea

Bentley Systems Brings Infrastructure Digital Twins to NVIDIA Omniverse

Bentley Systems Inc's (NASDAQ: BSY) digital integrator business subsidiary, The Cohesive Companies, acquired Canadian IBM Maximo implementer Ontracks Consulting.  Ontracks specializes in strategic asset management and operational performance improvement for asset-intensive organizations in the energy, utilities, transportation, mining, manufacturing, and government.

Bentley Systems Subsidiary Acquires Ontracks Consulting For Undisclosed Sum

EXTON, Pa.--(BUSINESS WIRE)--The Cohesive Companies, a wholly owned but independently operated digital integrator business unit of Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the acquisition of Ontracks Consulting, a leading implementer of IBM Maximo headquartered in Edmonton, Alberta, Canada. Ontracks specializes in strategic asset management and operational performance improvement for asset-intensive organizations in energy, ut

The Cohesive Companies Announce the Acquisition of Ontracks Consulting, Leading North American Implementer of IBM Maximo

EXTON, Pa.--(BUSINESS WIRE)-- #YII2021--Bentley Systems has announced its call for nominations for the 2021 Going Digital Awards in Infrastructure program.

Bentley Systems Issues Call for Nominations for the 2021 Going Digital Awards in Infrastructure

EXTON, Pa.--(BUSINESS WIRE)--Bentley Acceleration Initiatives today announced the availability of OpenTower® iQ, a digital twin solution “powered by iTwin” for telecom towers that provides 3D visualization, real-time decision support, and predictive design from the ground up. OpenTower iQ is the result of a digital co-venture between Bentley and Visual Intelligence, a Houston, Texas-based sensor technology company, and Aeroprotechnik, an aerial inspection engineering company based in Viseu, Por

Bentley Acceleration Initiatives Launches OpenTower iQ, a Digital Co-Venture with Visual Intelligence and Aeroprotechnik for 5G Towers

HAMILTON, N.J.--(BUSINESS WIRE)--Water utilities have been chronically underfunded for decades and an estimate from the American Water Works Association found that a $1 trillion investment is needed to meet the drinking water system needs in the U.S. To better understand how this industry is leveraging digital capabilities to its benefit in order to address these historical challenges, Dodge Data & Analytics and partner Bentley launched a new study and report titled, The Digital Capabilitie

New Report Shows U.S. Water Utilities Sector Still in Early Stages of Digital Transformation

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that it has entered into a definitive agreement with investors led by Accel-KKR to acquire Seequent—a leader in software for geological and geophysical modeling, geotechnical stability, and cloud services for geodata management, visibility, and collaboration—for $900 million in cash, subject to adjustment, plus 3,141,361 BSY Class B shares. The acquisition o

Bentley Systems Enters into ~ $1.05 Billion Agreement to Acquire Seequent, Global Leader in 3D Modeling Software for the Geosciences

Bentley Systems' (BSY) CEO Greg Bentley on Q4 2020 Results - Earnings Call Transcript

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”), the infrastructure engineering software company, today announced operating results for its fourth quarter and full year ended December 31, 2020, and 2021 financial outlook. Fourth Quarter 2020 Financial Results: Total revenues were $219.6 million, up 8.2% year-over-year; Subscriptions revenues were $178.3 million, up 9.4% year-over-year; Last twelve-month recurring revenues were $696.7

Bentley Systems Announces Fourth Quarter and Full Year 2020 Results, and its 2021 Financial Outlook

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.03 per share dividend for the first quarter of 2021. The cash dividend is payable on March 24, 2021 to all stockholders of record of Class A and Class B common stock as of the close of business on March 10, 2021. About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. W

Bentley Systems, Incorporated Declares First Quarter 2021 Dividend

EXTON, Pa.--(BUSINESS WIRE)--Bentley announced the acquisition of E7 Pty Ltd, a Australia-based leader in field-based construction delivery software for civil construction.

Bentley Systems Acquires Australian Civil Construction Software Leader E7

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Greg Bentley, Bentley Systems' chief executive officer, will present virtually at the Berenberg Design Software Conference on Thursday, March 11, 2021 at approximately 11:00 a.m. Eastern time. About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infr

Bentley Systems to Present at the Berenberg Design Software Conference

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley”), the infrastructure engineering software company, announced today the pricing of $600.0 million aggregate principal amount of convertible senior notes due 2026 (the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering reflects an increase from the $500.0 million aggregate principal amo

Bentley Systems Announces Pricing and Upsize of Private Offering of Convertible Senior Notes

EXTON, Pa.--(BUSINESS WIRE)--First paragraph, first sentence of release, dollar amount should read: $500.0 million (instead of $500,000,000 million). The updated release reads: BENTLEY SYSTEMS ANNOUNCES LAUNCH OF PRIVATE OFFERING OF CONVERTIBLE SENIOR NOTES Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley”), the infrastructure engineering software company, today announced that it intends to offer $500.0 million aggregate principal amount of convertible senior notes due 2026 (the “Notes”) i

CORRECTING and REPLACING Bentley Systems Announces Launch of Private Offering of Convertible Senior Notes

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”), the infrastructure engineering software company, will release fourth quarter and its fiscal full-year 2020 operating results, before the market opens, on March 2, 2021. (The Company's filing schedule accords with its designation, for the initial public offering of its common stock in September, 2020, as an Emerging Growth Company). During its presentation, the Company will provide its

Bentley Systems to Announce Operating Results on March 2, 2021

Bentley Systems is a leading multi-national provider of software for the infrastructure space. The company has performed well during COVID and was able to maintain both profitability and growth.

Bentley Systems: Strong Software Play In The Infrastructure Space

EXTON, Pa.--(BUSINESS WIRE)--The Cohesive Companies, a wholly-owned but independently operated digital integrator business unit of Bentley Systems, Incorporated (Nasdaq: BSY, the infrastructure engineering software company), today announced its acquisition of SRO Solutions (“SRO”) to extend its capabilities for marine and industrial infrastructure. Established in 2004, SRO introduced IBM's Maximo to the maritime environment, managing projects across all seven continents for an extensive list of

The Cohesive Companies Announce the Acquisition of UK-based Maximo Solutions Provider SRO Solutions

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.03 per share dividend for the fourth quarter of 2020. The cash dividend is payable on December 22, 2020 to all stockholders of record of Class A and Class B common stock as of the close of business on December 7, 2020. About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software comp

Bentley Systems, Incorporated Declares Fourth Quarter 2020 Dividend

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Greg Bentley, Bentley Systems' chief executive officer, will present virtually at the RBC Global Technology, Internet, Media & Telecom Conference on Tuesday, November 17, 2020 at approximately 4:00 p.m. Eastern Time. About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software

Bentley Systems to Present at the RBC Global Technology, Internet, Media & Telecom Conference

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley”), the infrastructure engineering software company, today announced the pricing of the public offering of 10,000,000 shares of its Class B common stock, consisting of 8,103,965 shares to be issued and sold by Bentley and 1,896,035 shares to be sold by existing stockholders of Bentley, at a price to the public of $32.00 per share. Bentley granted the underwriters in the offering a 30-day option to purchase from Be

Bentley Systems Announces Pricing of Public Offering of Common Stock

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley”), the infrastructure engineering software company, today announced the launch of the public offering of 10,000,000 shares of its Class B common stock, consisting of 8,103,965 shares to be issued and sold by Bentley and 1,896,035 shares to be sold by existing stockholders of Bentley. Bentley expects to grant the underwriters in the offering a 30-day option to purchase from Bentley up to an additional 1,500,000 sh

 Bentley Systems Announces Launch of Public Offering of Common Stock

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the establishment of Bentley iTwin Ventures to invest in promising technology companies addressing the emerging opportunity for infrastructure digital twin solutions for roadways, railways, waterways, bridges, utilities, industrial facilities, and other infrastructure assets. Bentley iTwin Ventures is a $100 million corporate venture capital fund which foste

Bentley Systems Commits $100 Million of Venture Funding to Accelerate Infrastructure Digital Twins

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”), the infrastructure engineering software company, today announced operating results for its quarter ended September 30, 2020. Third Quarter 2020 Financial Results: Total revenues were $203.0 million, up 8.8% year-over-year; Subscriptions revenues were $173.2 million, up 11.6% year-over-year; Last twelve-month recurring revenues were $682.7 million, up 11.0% year-over-year; Last twelve-m

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